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. >> i'm willing to save hundreds of billions of dollars by enacting comprehensive tax reform that gets rid of tax reductions and loopholes for the well off and well connected, without raising tax rates. >> then john boehner says he was willing to close loopholes in the tax code but only if the revenue obtained from that was used to lower income tax rates. today, president obama framed the choice this way. >> so now republicans in congress face a simple choice. are they willing to compromise to protect vital investments in education and health care and national security, and all the jobs that depend on them? or would they rather put hundreds of thousands of jobs and the entire economy at risk just to keep the special tax benefits that benefit only the wealthest corporations and the richest. >> that sounds like a choice, to president obama, but republicans think it is more complicated. >> yeah, i guess it is the way we'll do things now, they want the medicare cuts, they want to beat him up. they want things they know democrats will never vote for. and i think more than that they just wan
the prime minister if he will tell the house whether he will personally benefit from the millionaires tax cut, to be introduced in april? >> i will pay all the taxes that are due in the proper way. but the point i would make to him -- [shouting] the point i would make to him is that all the years he sat on this side of the house there was a top rated tax that was lower than the one we're putting in place. and i didn't hear any complaining from him within. >> thank you, mr. speaker. [inaudible] does the prime minister share my concern that hard-working families and widows are being used n order -- [inaudible]? >> i think my honorable friend makes a very good point. this government has made available money for a council tax freeze, that has the consequences in wales that that money is there for a council tax freeze. and people in wales knowho to blame if their council tax isn't frozen but it is the labour assembly government in wales. they are to blame. they are the ones who are charging hard-working people more for their council tax. [shouting] >> we remember the prime minister promised he
governor gave his state of the state address. he gave the plan to lower income tax and corporate income taxes. this is about 20 minutes. >> thank you very much. mr. president, mr. speaker, members of the legislature, tribal chairmen, distinguished guests, friends and fellow nebraskans, i am excited to be here today at the beginning of the 2013 legislative session as we take this opportunity to continue moving nebraska forward. since 2005, the nebraska legislature and i have worked together to make a positive difference for nebraskans. you and i have positioned nebraska as a state that is making significant progress. this is a great state and it starts with our citizens. nebraskans are hardworking, practical, responsible, and innovative. as nebraskans, we bring a sense of quiet pride to everything we do. we respect each other and we want our children to have an even better nebraska in the future. nebraska is a special place and our job is to ensure that nebraska is prosperous today and in the future. we are on the right path and that path starts with a quality education. education is the
. >> somebody has to tell the middle-class that either your taxes are going up or program is going to get cut or we're going into financial oblivion and nobody wants to tell them that. >> neil: there is the diagnosis. you want big government. you got to pay for big government and with more going out, yeah! the doctor's present scripting is right. just like doing it that is our dilemma we cut or we hike. what are you going to get? so to spen stein, charles payne, adam, charles payne speaks words of wisdom. >> 160 million americans feel the pain. it's interesting what howard dean had to say and what the "new york times" had to say they are trying to get the rest of the country and we're going out for rich bastards that took the money but you are going to have to chip in because we're going to have a giant society with all kind of goodies and it' going to be everything. just wear spandex uniform. [ laughter ] >> neil: i would have remembered the spandex thing. dagen? >> i think howard dean is telling the truth. he could have showed a little more energy in the interview he gave but it's all in th
is all this happening right now? why in an environment where taxes are going up a lot, why are we back to the deals with the likes of which we haven't seen since those lazy and hazy, much lower tax rate of 2005? well, it could be that companies simply have no else where else to put their cash or maybe it is all part of a big bunker mentality. too risky to start something new. so they are just buying out arrival or twotheir own business. the deals are back. usually that is good for investors. but before the president takes a bow and since christmas, maybe you should take note that these guys are spending all this money, not as an endorsement, maybe as a defense against it. the real story behind all of this, we have matt schuett. what is going on? >> well, there's a lot of cash out there. not returning anything. borrowing costs are very low. stocks are pretty cheap. we have an environment where growth is slow. it is tough to grow. so you think about doing it in organically rather than organically. people are willing to step out with a little bit more confidence to do some of these deals.
dealing with subsidies and direct payments, but also saying we should not be providing tax breaks to big oil companies. and we believe we should apply to the buffet rules to the people making over two million dollars per year. we heard about all the tactics in the tax code. we should get rid of some of those for the purpose of deficit reduction. that is what our plan does in the short term and that is what it would do in the long term. we hope we can have an opportunity to have an up and down vote on the plan that we have put forward. at least two or three times we are going to be asking for a vote in the rules committee for that proposal. i hope we can have an opportunity to have a free flow of debate and ultimately a vote. thank you mr. chairman. >> i would love to begin the debate right now but we have a hearing to get into. the floor is yours. >> thank you mr. chairman. i appreciate the opportunity to be here today and discuss with you cbo's outlook for the budget and economy for the next 10 years. are analyzing shows that the country continues to debate a very large economic challen
d.c. that somehow spending kits will create job losses, but tax hikes never create job losses; right? neil: that's true. >> tax hikes are asterity for the consumers feeling it now in their wallet. neil: a lot more than cutting anything. the idea, wayne rogers, we cut ourselves into austerity, we don't have to worry about that, but we are worried about a situation where uncle sam might end up getting less revenue as a relt of this, and this happens again and again and again, a tax comes in or is renewed,and watches -- thinks it's getting more money, but it's a depression in the scheme of things, than they don't get more money. >> ide ideologically speaking, s administration and some before it are pledged to the economic theory tt has not worked in the past. it's not working now. during the new deal, everybody said, oh, yes, that is what saved it. it doesn't because in 1937, we had another recession, and after that, the war bailed us out, but this is a fallacy that has been propagated by people in, you know, who write for the "new york times". it's a -- wel, it's true. it's ulti
is the right description, but provocateur is a good one. remember when we told you with americans taxes facebook not paying, but it's worse than what mitt romney thought. >> these are the people who pay no income tax, 47% of americans payal no income tax. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. neil: there are 47% of the people who will vote for the president no matter what. there's 47% who are with him who are dependent upon government. neil: you'll never guess who is ecstatic that tape was released, jimmy carter, yeah, he claims that president obama profusely thanked his grandson, jimmy carter's grandson in releasing the video putting him over the tom, and it did. here's what's over the top. it's kin
is the right description, but provocateur is a good one. remember wn we told you with americans taxes facebook not paying, but it's worse than what mitt romney thought. >> these are the people who pay no income tax, 47% of americansí john is 42. mortgage. married. two great kids. he wants to protect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped make term life insurance affordable forundreds of thousands of people since 1985. how about you? just call this number or visit selectquote dot com. neil: there are 47% of the people who will vote for the president no matter what. there's 47% who are with him who are depend
some cash. i'm neil cavuto, true, likes of linkedin and facebook not paying a penny in taxes to the federal government. to me is makes no senate all. exxonmobil still evil if it paid more than $31 billion in taxes and chevron still represen thoss paying highest rate, they don't rate any media attention -- that good. mark zuckerberg paying no rate buzz not rate any media attention, what his company does is good, and cool. even though really, does not end up with washington seeing cool cash. lingeredin pays zero percent and walmart pays federal income tax north of 32%. caterpillar 30.7% or mcdonald's 31.3%. food for thought. this is media double standard makes up to the puke, and ignoring warning of no let than mitt romney make you want to puke even more. bemoaning half of the americans who pay no federal income taxes at all, so many groups were getting their nose out of joint, no one asked, how the heck we do the that number? how is it, that half of all eligible americans are not pay anything federal income tax. some are for a legitimate reason, but half? romney talked about e
to prosperity. i propose a balanced approach to bring down the cost of healthcare and getting rid of tax lee pulls -- tax loopholes. we should pursue bipartisan comprehensive tax reform that encourages job creation and helps bring down the deficit. we know what we need to do. the steps are common sense. it will help grow our economy and strengthen our middle class. in the coming weeks and months, our work will not be easy. but america only moves forward when we do so together. when we accept our obligation to one another and to the future generations. that is the american story. that is how we will write the next great chapter together. thank you. have a great weekend. >> hello. it is my honor to represent alabama's second district. as you might know, a series of across-the-board military spending cuts known as the sequester is going into affect in less than two weeks. in his state of the union and just, president obama admitted that these cuts were a bad idea. he failed to mention that the sequester was his idea. his administration during the debt negotiation in 2011. on behalf of our const
with a summary of our major tax revenue in the city and it shows you where the bulk of that surplus 72 million come from. and that is property transfer taxes, about $21 million over the budget as we are taking a look at the cash we've received thus far and estimating how much additional property tax revenue we will get for the reminder of the year. our second-largest is -- yes. >> if we can go back to the previous slide, the projected surplus, 38.3 million, how does that relate to the 129 million that was set as our projected shortfall for the next fiscal year? >> i think kate can respond to that question either now or at the end. >> at the end. >> i'll be happy to answer it now, supervisor. kate howard. so, the $38 million reflected in the controller's six-month report essentially is good news to the city's deficit number. the way that i would interpret it is that as we did last year, we've spread our fund balance over two years. so, this would bring down the overall deficit by about $19 million in each year. that's offset l, however, by the supplementals that we talked about. so, a little to
to count. >> somebody has to till the middle class either your taxes are going up or programs are going to get cut or we're going into financial oblivion and nobody really wants to tell them that. >> nobody, there's the diagnosis, you want big government, you've got to pay for big government and with more than a trillion bucks going out than coming in, yea! the doctor's prescription is right. i know it's poor, i just like doing it. and that's our dilemma, we cut or hike, what are you going to get? to ben stein, charles payne, to dagen mcdowell, to adam lashinsky, and charles payne speaks words of wisdom. >> listen, we've got hiked. 116 million americans feeling that pain and i think the point is it's interesting between what howard dean has to say and what the new york times has to stay this week is that they're trying, i guess, to get the rest of the country to know, listen, we're going after those rich bastards who somehow nefariously took the money and you're going to have to chip in, too, we will have a giant society with all kinds of goodies and utopian things and the eye on top an
when we told you with americans taxes facebook not paying, but it's worse than what mitt romney thought. >> these are the people who pay [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pure lte build. the most consistent speeds indoors or out. and, obviously, astonishing throughput. obviously... you know how fast our home wifi is? yeah. this is basically just asast. oh. and verizon's got more fast lte coverage than all other networks combined. it's better. yes. oh, why didn't you just say that? huh-- what is he doing? neil: there are 47% of the people who will vote for the president no matter what. there's 447% who are with him wo are dependent upon government. neil: you'll never guess who is ecstatic that tape was released, jimmy
tax hike hitting harder than expected. -n monday, we were the first to teld you yesterday how walmart's feeling the pain due to payroll taxes and high gas prices. the payroll tax alone shifts $110 billion out of the hands of consumers and every single working american feels that blow. now, burger king, kraft, dart restaurants, and tyson foods expressing fear by lowering the forecast. this is ripple effect going to continue? how long? turning to the money power panel, and harry, author of "the great crash ahead," and managing director of economic policy at the center for american progress. welcome to all of you, and, thank you for joining us. harry, i want to read something to you. you said 70% to 80% of people don't think home prices are getting better. 20% of consumers say life it good. it would seem to me that if that is accurate, given the payroll increase of 2%, less money in our pockets, we are headed not to just an economic slow down but maybe a recession. >> as i said, 80% of the people don't feel we are out of the recession. they are stretched. real wages going down, adjusted
the tax..t calls for three percent ssles taxon gas at the -3 wholesale level.thhttcouud and fifteen cents a galloo.it woold also allow local ggvernmentslike baltimore city to raise their owngas tax even more...to fully fundmass transit. 3 (mayor) "aa addquate 3 safee"last year...gooeenor o'malley proposedppasinn-in a six percent sales tax on gasoliieeover ttree years.but as gas pricessincreased....thh billlfailed to come up for a vote. meantiie.../ for the group.../. "americans ffr prosperity"../. says... a....hhiher... ggs tax.. will... hurt... the middle class.../.class.../.a... report... compiled... by... & baltimore's... sageepolicc a... modest increase... tax....could... be... ore troubll... than... &pt's... worth. 3 ((offee) "at the end of the ddy, we're going to be seeing &plost joos......ver goong to -3 make t to roads." roadss"buu... governor 3 p without... new transportation reeenue... / marylaad's... roadd and bridges... will not bb propprly... repaired.../ and...
downtown. >> a gas tax increase is on a table. today, house republicans attacked the plan and offered an alternative. let's bill alive now to the state house for the latest. >> a war of harsh words broke out today. the senate president called house republicans neanderthals in their thinking, labeling them obstructionists' whose job is to say no. off the charts -- soaring gas prices have drivers fuming. >> it's obscene. i'm not happy with it all. >> aaa says gas prices have jumped as much as 40 cents in the last month. >> it's unprecedented. >> house republicans are trying to put the brakes on talk of increasing the gas tax or sales tax to pay for transportation needs. the gop contends the problem by lack of money but how is spent and the fund is used as a piggy bank. >> to align our spending with the needs of merrill lenders, a more balanced approach between how we fund mass transit and the final element is to restore the money that has been taken off from the transportation trust fund which totals about a billion dollars. >> democrat acknowledged that it took firefighters 78 million
a tax increase by doing nothing, republicans could get a little spending restraint by doing nothing. buts i worry as your guest from "time" magazine pointed out there's not one, there's two opportunities for republicans to fumble away this victory. first where the continuing resolution expires zme dot rest of the budget for fiscal 2013 and then when they dot appropriations for fiscal 2014. and we've already seen the republican house appropriations committee chairman saying he's going to put spending higher than the sequester level. so it's up to boehner and cantor and the rest of the gop leadership to say no, we're actually going to make sure that we don't have ever-growing government. so perhaps we won't wind up -- at least as fast as we think. >> this is a big political problem. if they don't have the courage to stay on track with these minuscule budget cuts, i say again, the gop, which is in a lot of trouble politically as it is -- i understand now the party will rip into the tea party folks and the hardcore folks, they will just walk out and they'll have no choice. that's the bi
was very attuned to how radically things could change it or not managed well. honduras is taxed on the business community. it has to be collected fairly. already there are signs that the collection rate is dropping for the compliance rate is dropping. it has be spent wisely. there are signs that it could be used as a slush fund a key political operatives. so these are the kinds of challenges that the business community can afford to privatize their security operation at a place like honduras, which is effectively what people do. oil compounds are not immune from the kinds of disturbances were seeing. we've obviously got to think about that in a much more sophisticated way and there have been huge interest in investments were necessarily foreign mining. they were unearned as opposed to the societal plan and so we figure out how to engage more broadly. but we are keeping that in mind everywhere. >> doug fife from hud and institute. your bureau is an outgrowth or an abolition from record nation stabilization. how would you describe any differences between your bureau's mission and
offered no credible plan that can pass congress, only more calls for higher taxes. >> many pundits say the sequester falls short, that we need $4 trillion in cuts. >> reporter: and as washington argues whose fault the cuts will be if they happen, nearby local governments home to federal workers and contractors warn that massive layoffs could cripple their economies. >> we don't need to wait to see the white in the eyes before we start responding because of the potential that we see. this challenge is real and real right now. >> reporter: well, with the deadline still nine days away, there's still a lot of posturing, and there's no sign that anyone's trying to make a deal. administration tells us that there are no secret talks or negotiations under way. the reason for that, of course, the obama administration thinks it's winning this debate and republican pressure will force republicans to give in. charlie, gayle? >> thanks. >>> cbs political correspondent john dickerson. good morning, john. >> good morning, charlie. >> put this for us in terms of what we're talking about and what we're
, they would have to pass a background check, learn english and u.s. history, and pay back taxes. susan mcginnis with more now from washington. susan, good morning. >> good morning, anne-marie. it's not clear whether the white house leaked this plan or not but either way they want the plan so they can continue on the bipartisan bill. the white house is responding after a draft of its version of an immigration reform bill was leaked to the press this weekend. the white house says it's simply backup plan. >> we will be prepared with our own plan if these ongoing talks between republicans and democrats up on capitol hill break down. >> white house sources tell cbs news this wasn't a planned leak but republicans are skeptical. >> leaks don't happen in washington by accident. this raises the question many of us continue to wonder about. does the president want a result rult or does he want another beatup of republicans so he can get political advantage in the next election? >> i met with the president wednesday and he agreed to give us the space we need with the bipartisan proposal. >> still ma
a plan, which will raise some of your taxes and lower some other taxes. peggy fox is here to explain. and peggy, play ball. >> yes, it does. remember the governor proposed eliminating the gas tax. this new compromise does get rid of the tax for a smaller wholesale tax on gasoline. it makes a very confusing to figure out what that means to us. one website reader posted today that none of it made any sense and that three middle schoolers and a dog could have done better. >> entirely ditching the gasoline tax wasn't going to happen. virginia's is 17.5 cents per gallon. small compared to other states, but still appropriate. says fairfax county chairman, sharon. >> it is sort of a user fee. people who use the roads pay for those roads, pay for the maintenance of the roads. and in my mind, it was foolish to just eliminate that source of revenue. >> here's what lawmakers have worked out. they want to replace that per gallon gas tax with a 3.5% wholesale tax paid by distributors. those taxes will be passed on to consumers. one expert said it will work out to 11 cents a gallon. if you driv
to pass a background check, learn english and u.s. history, and pay back taxes. susan mcginnis with more now from washington. susan, good morning. >> good morning, anne-marie. it is not clear whether the white house leaked this plan on purpose or not, but either way, lawmakers here on capitol hill want that plan tabled so that a group of senators known as the gang of eight can continue their work on a bipartisan bill. the white house is responding after a draft of its version of an immigration reform bill was leaked to the press this weekend. the white house says it's simply a backup plan. >> we will be prepared with our own plan if these ongoing talks between republicans and democrats up on capitol hill break down. >> white house sources tell cbs news this wasn't a planned leak but some republicans are skeptical. >> leaks don't happen in washington by accident. this raises the question many of us continue to wonder about. does the president really want a result or does he want another to beat up the republicans so he can get political advantage in t
reform. i believe fiscal on we had to reform must include both tax reform and spending cuts. one without the other is only a partial solution. in the state of the union address, the president reiterated what appears to be his goal. and that number sounds -- it only scratches the surface. i am concerned that the debate surrounding the sequester will become a diversion from the real problem facing us. the time for partial and temporary solutions is well past. what we need is a collective acknowledgment of the problem and they comprehensive, joint effort to reach a long-term resolution. anything short of that will place the american economy on an irreversible, downward path. we will hear about the past consequences of the impending cuts. i do not doubt that they will be painful to bear. if there is a way to mitigate the pain,i'm open to discussion. i believe it is important to emphasize that the sequester of whatever temporary solution we have made is just a precursor to the main event. thank you. >> thank you, senator shelby. we will go to the panel. i am going to explain how this is going
it came to federal and state taxes in 2012. should that be allowed? here is what some of your posting of my facebook page. john writes, no, they should keep every last threats and they make. disagreeing, you and i do. why not them? we also have a question on gerriwillis.com. 89 percent of you said yes. 11 percent said no. be sure to log on to gerriwillis.com for online question every weekday. finally tonight, a case of hypocrisy in washington. i know, you're shocked, right? the daily call reporting democratic senator barry landreau of louisiana and her husband a zero uncle sam more than $1,200 in tax penalties. now, it's unclear what the penalty is for, but it is a see it with a two and a half million dollar mansion. here is where the hypocrisy comes in. last week she told the senate appropriations hearing from the reality is that revenues coming into the government of the lowest levels since president eisenhower. we have to bring in more revenue . okay. when we start with the revenues the euro. that's my "2 cents more." breezy. those people in congress. that's it for tonight's "t
.2 billion dollars from consumer spending, like a tax. and it comes on top of other tax increaseses that cut everybody's paycheck and will slow a weak economy and some say brings recession that much closer. watch out. "varney & company" is about to begin. [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. om td ameritrade. >> we are back and yes, the markets return today, after a three day break and we're on dow 14 k watch and we're what, 182 od from the old record. and the indication is we do indeed open right at 14,000 this morning. the checkbooks are out again. another merger involving a big name a couple that you know, officemax, office depot reportedly getting together. a merger would help them to compete with the big rival, that is staples. officemax
are watching every penny, which means tax dodgers are getting more attention. >> not just rich plutocrats, but global companies as well. for them, it is standard operating procedure to hire lawyers to look for loopholes that could save the millions in taxes. >> now, a london-based group is trying to change that. >> can these men stop global companies from dodging taxes around the world? tax officials from australia, britain, and china analyze complex schemes to reduce company tax burdens. this one leaves from england to australia, taking advantage of tax havens along the way. the authority of tax officials often ends at the border. investigators request information from authorities and other countries, but it is often not enough. >> when you start looking at very complex affairs, then a simple letter is rarely sufficient to fully explore the issues. by working together, we are able to understand the cultural differences that exist between our different countries. >> in britain, u.s. coffeehouse starbucks sparked outrage when it was revealed the company paid very little tax in the u.k. its
revenue, which is tax hikes, and he'll keep pressuring them to accept them. the problem for republicans is this. they already let some of the bush tax cuts expire. good luck going to the republican base and conservatives. if you're a republican lawmaker. and saying we're going to have some more revenue. i just don't think it's a tolerable situation right now in the gop to do what you're saying. >> it split the party in pieces. >> internal revolt. the president thinks he can get a balanced approach, but the gop just can't budge right now. >> what does it look like you to? you're up here, you're on the radio, you're in new york city. what does this thing look like you to? >> well, i hate to disagree with you. and i hate to have to defend the president here. but for you to say that president obama came one a bad program, the sequester thing, is one of the few plans he's ever come up with that i like. and any cabinet member that cannot make a cut of 1.25% should immediately step down. he's not capable of managing if he can't make those cuts in a reasonable and rational way. this is the same
now... see 3 them go even higher... as lawmakers rev up aak about the gaa tax once again. agaii.a senatt committee iss expecced to onsider several options thissweek..ne billl... - extraa10 to 155cents a gallon. a cost... some lawmakers ssy is neceesary... s the state still nneds aa extra 800- ppopeely fund ttansportaaion 3 pferguson) "we have to find wayssthat areereliable funding people in oor region."(miller) "everyone would pay a gaa tax, gas tax,,a three ercent sales tax tacked on aa the wholesale level." &praise... an extra 300-million greater... senateepresident mikk miller wants to give local governnents like 3 counties... thheauthority too iicrease átheerá gas tax even &pmore.the proceeds... would go &pddrectly ttoards funding ass transitt. bbt soom worry any money saved in he transportaaioo fuun... pill juut be taken out for aimed at ssopping thaa from happpningg.. coming uu in 0 & min.iim megan gilliland, ffx45 porning ewss we're helping you finn thh best gas prices n your neiihborhood.go to foxbaltiiore dot com and click &pon pump p
personal whim he had. >> reporter: his wife sandra also pled guilty for filing false tax returns. she failed to report $600,000 in income. he resigned from congress last november. he has been treated at the mayo clinic for bi-polar disorder. >> those health issues are directly related to his present predicament. that is not an excuse just the fact. >> reporter: jackson agreed to pay back $750,000 in campaign funds including money he spent on travel and meals with a mistress, he will be sentenced in june. under the plea agreement jackson faces up to 5 years behind bars. during the hearing today the judge warned him he does not need to follow those guidelines. reporting live, megan mccorkle wedge wedge eyewitness news. >> sandra jackson will be sentenced july 1st. >>> tens of thousands of maryland jobs are on the line with massive budget cuts looming in washington. president obama is appealing to congress to stop the automatic cuts. >> reporter: there is no question that here at the white house the new cycle has been about budget cuts. at the white
paying any income tax...and whyyit'' actually getting money backk -3 3 twoomonths frommtodda -- your federaa incooe taxxreturn is duee here's something to ready. facebook -- made more than a billion dolllrs lasttyear... and it's not paying income taxes. taxxss insttad... it's getting a refund... bout a half-billion dollars.why? because it's deducting - executive stock options given coopany went public last year. but facebook actuully has lot more tax advantage of somethinggthe president says he wants too stopp-3 3 106-117"emppoyees caah inn &pstock options and at that point the tax deduccions foo that compaay. because even thoogh ittdiin't cost facebook a nickel, the governmmnt 3 gee a deduction for it." it."126-133"save hundreds of billions of dollarssby geeting rid of taa loopholes and and well-connected." 3 has repeatedly gooe afterr deductions takee y oil and gas ccmpaniee foo their businees expenses... sharply criticizing them as he ften & adlib oss to emilyy...- pmily... 3 p3 "i don't know thaa it gets 3 thatt"the reacti
your health insurance may not cover your spouse and more. and starting to get hit by the sales tax. one economist says the designers of the law were all wrong. and, to top tier weekend. we have you covered with the important things like what the stars are going to wear and what is really in those slight bags. "the willis report" is on the case. ♪ gerri: all of that and more coming up later in the show. first, our top story. listen to this. honey, you are uninsured. yet another consequence of obamacare. you can add it to the list. more and more employers planning to drop health coverage for spouses. all in an effort to cut costs. now, three years ago this was virtually nonexistent. last year that number jumped. 6 percent of large employers excluded spouses on health plans in 2012. experts say that number will continue to climb when the new health exchanges under obamacare are officially established next year. my first guest tonight says that will leave some of women with poor coverage or no coverage at all. joining me now, ceo of vital spring's technology. welcome back to the show
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